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Summary

* Indian markets closed on a negative note where selling was mainly seen in Oil & Gas, Banking, Metals sectors. Nifty Oct Futures closed at 24985.55 (down 188.30 points) at a premium of 189.80 pts to spot.

* FIIs were net sellers in Cash to the tune of 8293.41 Cr and were net sellers in index futures to the tune of 7987.16 Cr.

* India VIX increased by 6.74% to close at 15.08 touching an intraday high of 15.50.

* The above second chart shows previous trading day’s change in Nifty options where Addition in OI were seen in 25100, 25000, 24900 strike Calls and at 24600, 24700, 24800 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 25000 strike Puts, to the tune of 11.80mn and 10.83mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a flattish note today and is likely to remain range bound during the day.

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